Serbia project for Chinese?

Serbian Minister of Construction and Urbanism, Velimir Ilic, claims the China Roads and Bridges Company (CRBC) has verbally agreed to invest €2.5 billion (US$ 4.8bn) to enable the construction of the Corridor 11 motorway. Ilic said that an official CRBC offer to fund and build the key motorway route will be submitted from the beginning of September 2012. The CRBC is already participating in construction of Serbia’s Zemun-Bora bridge. Ilic added that the World Bank (WB) had expressed interest in funding a
December 11, 2012 Read time: 1 min
Serbian Minister of Construction and Urbanism, Velimir Ilic, claims the 3366 China Road and Bridge Corporation (CRBC) has verbally agreed to invest €2.5 billion (US$ 4.8bn) to enable the construction of the Corridor 11 motorway.

Ilic said that an official CRBC offer to fund and build the key motorway route will be submitted from the beginning of September 2012. The CRBC is already participating in construction of Serbia’s Zemun-Bora bridge. Ilic added that the 2332 World Bank (WB) had expressed interest in funding a new energy efficiency project, which could create 100,000 jobs in the construction sector.

For more information on companies in this article

Related Content

  • Serbia starts in-depth talks with the Chinese for Corridor 11 work
    May 7, 2015
    Serbia has entered into “in depth” negotiations with two Chinese companies for concession contracts along the Corridor 11 motorway between Belgrade and the Montenegrin border. Shandong High Speed Group and the China Road and Bridge Corporation (CRBC) are the two Chinese companies that have passed the pre-qualification process. The project value has not been mentioned. Serbian vice president Zorana Mihajlovic said that the Chinese have requested guarantees for transport and Serbia is considering this a
    Read More
  • Serbia: end in sight for finishing southern part of Corridor 10
    August 26, 2016
    Serbia’s minister of construction and infrastructure, Zorana Mihajlovic, said that the southern part of the Corridor 10 motorway is expected to be completed by the end of 2017. Speaking to the Beta news agency, she also said that work on the Corridor 11 motorway, on the Ub-Lajkovac section, is being carried out in cooperation with Chinese partner company Shang Dong. The government has also signed an agreement for construction of the Surcin-Obrenovac part of the Corridor 11. Ongoing talks between Serbi
    Read More
  • Concern over Serbian bridge project behind schedule
    August 28, 2014
    There is concern in Serbia over delays to the Zemun-Borca bridge project. Costing some €197 million in total for the bridge and its access roads, the project is due for completion in December 2014. However Serbia’s Ministry of Construction is investigating why the project is not on track and wants to bring the work back into line with the planned schedule. The Serbian Government is funding 15% of the project while China’s Exim Bank is providing 85%. The Chinese contractor China Road and Bridge Corporation i
    Read More
  • Serbia’s pan-European Corridor X is in the slow lane
    October 23, 2017
    It’s been slow progress on Serbia’s Corridor X project. Gordon Feller reports. Back in the early 2000’s, the European Union undertook an ambitious programme to link the main cities of its south-eastern region. This involved connecting five key seaports – the Greek cities of Patras, Igoumenitsa, Piraeus and Thessaloniki as well as Romania’s Black Sea city of Constanta. Initially the plan involved two motorways across Greece. The first was a new 780km route including a branch to Ormenio on Greece’s north-eas
    Read More

Highlighted Content